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Number of annual and other periodic reports filed by issuers under the Securities
Exchange Act of 1934 and the Investment Company Act of 1940 during the fiscal year ended June 30, 1963
The market value on December 31, 1962, of all stocks and bonds admitted to trading on one or more stock exchanges in the United States was approximately $486,633,613,000.
• Bonds included 48 U.S. Government and New York State and City issues with $78,932,285,000 sggregate market value.
The New York Stock Exchange and American Stock Exchange figures were reported by those exchanges. There was no duplication of issues between them. The figures for all other exchanges, which are based on Commission compilations, represent the net number of issues appearing only on such exchanges, excluding the many issues which were also traded on one or the other of the New York erchanges. The number and market value of issues as shown exclude those suspended from trading and a few others for which quotations were not available. The number and market values as of December 31, 1962, of preferred and common stocks separately were as follows:
• Stocks admitted to unlisted trading privileges only or listed on exempted exchanges.
The 3,047 stock issues included over 9.9 billion shares of which over 9.4 billion were included in the 2,802 issues listed on registered exchanges.
The New York Stock Exchange has reported aggregate market values of all stock thereon monthly since December 31, 1924, when the figure was $27.1 billion. The American Stock Exchange has reported December 31, totals annually since 1936. Aggregates for stocks exclusively on the remaining exchanges have been compiled as of December 31, annually by the Commission since 1948.
• Total values 1936-47 inclusive are for the New York Stock Exchange and the American Stock Exchange only.
Fiscal Year Share Values and Volumes
The aggregate market values of all stocks on the exchanges as of June 30 annually, and the volumes of shares traded on the exchanges in years to June 30, have been as follows:
The June 30 values were as reported by the New York Stock Exchange and as estimated for all other exchanges. Volumes included shares, warrants and rights. Comprehensive statistics of volumes on exchanges are included among the appendix tables in this Annual Report. Aggregate market values over the years are not strictly comparable, since they do not indicate to what extent changes are due to new listings, mergers into listed companies, removals from listing, and the like.
Foreign Stock on Exchanges
The market value on December 31, 1962, of all shares and certificates representing foreign stocks on the stock exchanges was reported at about $12.7 billion, of which $10.7 billion represented Canadian and $2.0 billion represented other foreign stocks. The market values of the entire Canadian stock issues were included in these aggregates. Most of the other foreign stocks were represented by American Depositary Receipts or American shares, only the outstanding amounts of which were used in determining market values.
Foreign stocks on exchanges
104 10,664, 292, 000
Volumes in years to June 30
Share volume Dollar volume
$36,878,540,000 36,226, 682,000 32,929, 671,000 30,862, 129.000 51,577,195,000 47,795,837,000 57,029,271,000 58,348,768,000 54, 369, 863,000
25 127 3
$5,989,831,000 6,660, 820,000 11, 189,000 12, 661,840,000
The number of foreign stocks on the exchanges has declined somewhat in recent years, owing principally to a reduction on the American Stock Exchange from 152 in 1956, to 127 in 1962. Trading in foreign stocks has fallen from 42.4 percent of the reported share volume on this Exchange in 1956, to 18.1 percent in 1962.
Trading in foreign stocks on the New York Stock Exchange represented about 3.4 percent of the reported share volume thereon in 1956, and about 3 percent in 1962.
Reported volumes in foreign shares during 1962 consisted of about 43.5 million Canadian shares and 12.5 million other foreign shares on the American Stock Exchange and about 10 million Canadian shares and 19 million other foreign shares on the New York Stock Exchange. While the share volume on the American exceeded that on the New York Stock Exchange, it would appear that in view of higher average share prices, the latter Exchange had a greater dollar volume in foreign shares. Comparative Exchange Statistics
The number of stocks on the New York and American Stock Exchanges has continued to increase, while the aggregate number of stocks exclusively on the other exchanges has continued to decline, in recent years.
Net number of stocks on exchanges
Aggregate share values on the New York Stock Exchange have represented an increasing proportion of total share values on all the exchanges, at least since 1948, when our series on total share values on the exchanges was established.
The ratio of share volume on the regional exchanges to the total on all exchanges has declined over the years. The regional exchange percentage of dollar volume has remained fairly constant. In the
following presentation, shares, warrants and rights are included. Annual data since 1935 are shown in appendix table 10.
Annual sales of stock on exchanges
Reporting pursuant to Section 15(d):
Reporting for other reasons:
Not reporting to the Commission:
All Other New York American All Other
Percent of dollar volume
Comparative Over-The-Counter Statistics
So far as can be ascertained from the standard securities manuals and from reports to the Commission, there were, as of December 31. 1962, about 4,458 stocks with 300 holders or more, of about 4,136 domestic companies, which were quoted only in the over-the-counter market. These stocks had an aggregate market value of about $90.1 billion, including $23.4 billion for bank stocks, $21.0 billion for insurance stocks, and $45.7 billion for industrial, utility, and other miscellaneous stocks. Registered investment companies are not included in this compilation.
Ownership of over-the-counter stocks tends to be more concentrated in officers, directors, and other controlling persons than in the case of listed securities, and in some instances the concentration is heavy.
Over-the-counter stocks referred to in the text, as of Dec. 31, 1962
6.98 9.35 10.71
$23,849, 286.000 5,820,400,000
17.040.987,000 15, 195, 900, 000 23.3.59,300,000
These companies have other issues listed on stock exchanges.
In addition to the stocks mentioned above, there is a large number of actively quoted stocks of companies so small as not to require continuous reporting to the Commission, and whose coverage by the